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U.S. Home Sales Fall in January

U.S. sales of new single-family homes in January were at a seasonally adjusted annual rate of 801,000, down 4.5% from December 2021 and decreased 19.3% from the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of January was 406,000, representing a 6.1-month supply at the current sales

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Home Improvement Retailers Post Strong Results

The world’s two largest home improvement retailers published fourth quarter 2021 financial results. The Home Depot, Atlanta, GA, reported fourth quarter net sales of $35.7. billion, up 10.7% over the comparable period in 2020.  Net quarterly earnings rose 17.3% from the fourth quarter in 2020 to $3.4 billion.  Annual net earnings for 2021 grew 27.7%

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U.S. Single Family Home Size Continues Upward Trend in Q4 2021

The fourth quarter 2021 U.S. Census Quarterly Starts and Completions by Purpose and Design report showed that the median square footage of a single-family homes rose 3.2% from the same period in 2020 to 2,338 feet.  This is the third consecutive quarterly increase, which is attributed to the need for additional home office space due

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Q4 Multifamily Construction Confidence Grows

Multifamily construction confidence increased in the fourth quarter of 2021, according to the Multifamily Market Survey produced by the National Association of Home Builders (NAHB).  The Multifamily Product Index (MPI) grew one point from the third quarter to 54. The MPI measures builder and developer sentiment about conditions in the market for new apartments and

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U.S. Architectural Billings Flat in January

The January Architecture Billings Index (ABI) remained even with December 2021 at 51.0 according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts increased 0.6 points to 56.1. January billings were in positive territory for the South and Midwest only, while the

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December 2021 Canadian Furniture and Building Material Sales Decline

Canadian retail furniture store sales in December 2021 fell 10.2% from November to $1.1 billion (CAD) but grew 2.4% from the same month in 2020.  Sales of building material dealers decreased 5% from November to $3.9 billion and were 3.5% lower than the previous year. Total Canadian retail sales fell 1.8% to $57.0 billion from

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U.S. Home Sales Fall in January

U.S. sales of new single-family homes in January were at a seasonally adjusted annual rate of 801,000, down 4.5% from December 2021 and decreased 19.3% from the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of January was 406,000, representing a 6.1-month supply at the current sales

Read More »

Home Improvement Retailers Post Strong Results

The world’s two largest home improvement retailers published fourth quarter 2021 financial results. The Home Depot, Atlanta, GA, reported fourth quarter net sales of $35.7. billion, up 10.7% over the comparable period in 2020.  Net quarterly earnings rose 17.3% from the fourth quarter in 2020 to $3.4 billion.  Annual net earnings for 2021 grew 27.7%

Read More »

U.S. Single Family Home Size Continues Upward Trend in Q4 2021

The fourth quarter 2021 U.S. Census Quarterly Starts and Completions by Purpose and Design report showed that the median square footage of a single-family homes rose 3.2% from the same period in 2020 to 2,338 feet.  This is the third consecutive quarterly increase, which is attributed to the need for additional home office space due

Read More »

Q4 Multifamily Construction Confidence Grows

Multifamily construction confidence increased in the fourth quarter of 2021, according to the Multifamily Market Survey produced by the National Association of Home Builders (NAHB).  The Multifamily Product Index (MPI) grew one point from the third quarter to 54. The MPI measures builder and developer sentiment about conditions in the market for new apartments and

Read More »

U.S. Architectural Billings Flat in January

The January Architecture Billings Index (ABI) remained even with December 2021 at 51.0 according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts increased 0.6 points to 56.1. January billings were in positive territory for the South and Midwest only, while the

Read More »

December 2021 Canadian Furniture and Building Material Sales Decline

Canadian retail furniture store sales in December 2021 fell 10.2% from November to $1.1 billion (CAD) but grew 2.4% from the same month in 2020.  Sales of building material dealers decreased 5% from November to $3.9 billion and were 3.5% lower than the previous year. Total Canadian retail sales fell 1.8% to $57.0 billion from

Read More »
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